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|Articles - May 2011|
|Wednesday, April 20, 2011|
Page 1 of 2
By Susan Hauser
The Wall Street Journal recently reported that the market for European custom suits is bursting at the seams. Bespoke tailors on London’s famed Savile Row are chalking up a huge surge in business, as are custom tailors throughout Italy, France and Britain.
Does this European bespoke trend translate into Oregon-speak? At Portland’s fine menswear shops, owners and managers briefly set aside their measuring tapes to share the news that yes, indeed, Oregon businessmen are again investing in their own suave style as the economy improves.
“We’re seeing a tremendous increase after a two-year drought,” says Tony Spear, owner of Este’s Men’s Clothing in Northwest Portland. “People were holding on to their clothes, so alterations were up. My tailor was making money, but we weren’t.”
Spear says business was off by 20% in 2007 and 2008, “and we were in better shape than most.” But it got even worse in 2009, dipping down 35%.
Now, he says, “There’s a huge resurgence in clothing sales because these guys didn’t buy stuff for two years.”
John Helmer III, third-generation president of John Helmer Haberdasher, reports the same at his store. “Sales of suits are way up, 47% above last year,” he says. “Of course, that’s from being kind of down.”
At Mario’s in downtown Portland, made-to-measure director Jake Hanover says men are apparently again willing to spend a considerable sum for a good suit. Even with an “entry-level” price of $1,400 for an Italian made-to-measure suit, Mario’s is seeing what could be called a boom — at least when compared to the past few years.
“Flat was the new up,” says Hanover, recalling the industrywide slump, when the recession brought losses from 35% to 50% to menswear specialty stores. “If you equaled the year before, it was a win. But now we’ve gone into a few quarters of actual gains — a steep enough slope that you could ski on it.”
Tuesday, March 04, 2014
BY DEBRA RINGOLD | GUEST CONTRIBUTOR
How can we strengthen the performance of institutions charged with teaching what Francis Fukuyama calls the social virtues (reciprocity, moral obligation, duty toward community, and trust) necessary for successful markets and democracy itself?
Thursday, February 27, 2014
Our 100 Best Companies project turned 21 this year, so pop open the Champagne. Our latest survey gives us plenty to cheer.
Thursday, February 20, 2014
BY VIVIAN MCINERNY | OB BLOGGER
As retailers consolidate and newspapers fold, the business of modeling shifts to ad agencies, apparel companies and new media.
Tuesday, February 25, 2014
BY BRANDON SAWYER
The 100 Best Companies get more creative with perks and more generous with benefits; employees seek empowering relations with management and coworkers.
Wednesday, January 22, 2014
BY JESSICA RIDGWAY
A merger boosts an ethics and compliance firm.
Tuesday, January 21, 2014
BY PETER BARNES
The defense market can be easy to overlook in Oregon, a place with a bigger reputation for its antiwar movements than for its military history. Yet when it comes to the U.S. defense budget, the Department of Defense did roughly $1 billion in business in Oregon that year.
Thursday, January 16, 2014
BY JOE ROJAS-BURKE | OB BLOGGER
An economic study of emergency room utilization in Oregon set off a thundering media stampede earlier this month. I was struck by the cut-and-paste sameness of much of the reporting and how awfully little it had to say about the untreated wound that is causing all the pain: the hole in our healthcare system where a robust primary care infrastructure should be.
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|Cancer to become No. 1 killer in U.S.|
|Bitcoin firm wins brief U.S. bankruptcy protection|
|Rival banana firms to merge|
|Blood test predicts Alzheimer's disease|
|Cerberus Capital to buy Safeway|
|U.S. adds 175,000 jobs|
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